Nanimo Retail Spaces for Sale

Nanimo Retail Space for Sale

291 Wallace St

Nanaimo, BC V9R 5B4

Retail for Sale
$2,300,000 CAD
6,276 SF

Nanaimo Retail for Sale

Excellent opportunity to acquire a multi-tenanted retail investment at the gateway to Nanaimo’s historic Gallery Row. The Property comprises two adjacent titled lots improved with a predominantly single-storey retail building, offering strong street exposure and a diverse tenant mix. The asset provides stable in-place income with additional upside through lease-up of one vacant unit. Located within a vibrant downtown node, the Property benefits from consistent pedestrian activity and is supported by significant nearby residential developments, including a 195-unit and a 163-unit project. The building is listed on the City of Nanaimo Community Heritage Register, contributing to the character of the Old City Quarter. Offered at $2,300,000, reflecting an approximate 5.69% stabilized cap rate. Further information available upon execution of a confidentiality agreement.

Contact:

460 Commercial Inc

Date on Market:

2026-05-01

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More details for 1045 Terminal Av N, Nanaimo, BC - Retail for Sale

0.72± acres with 2 buildings - 1045 Terminal Av N

Nanaimo, BC V9S 4K3

Retail for Sale
$1,150,000 CAD
6,015 SF

Nanaimo Retail for Sale

High exposure corner property comprising 0.72± acres with two buildings in a prime main street location. Zoned COR3, this flexible designation supports a wide range of commercial uses, offering excellent redevelopment or repositioning potential. The 4,215 sq.ft. two-level former restaurant building is currently vacant and has been stripped of all restaurant equipment, providing a clean slate for your business concept. The second building, approximately 1,800 sq.ft. on one level, is leased to a long-term restaurant tenant, delivering stable income. The site features a large paved parking lot with capacity for approximately 35 vehicles. Strategically located in the heart of the city on a major thoroughfare, directly across from and adjacent to established strip mall centres, this is a rare opportunity to secure a substantial commercial holding with strong exposure and existing income in place. (30378673)